Crypto Funds See 12th Week of Inflows, AuM Hits Record $188B
Digital asset investment funds logged $1.04 billion in inflows last week, extending a 12-week streak that has attracted a total of $18 billion into the market. Key Takeaways: Crypto funds saw a 12th week of inflows, push...
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Digital asset investment funds logged $1.04 billion in inflows last week, extending a 12-week streak that has attracted a total of $18 billion into the market.
Key Takeaways:
- Crypto funds saw a 12th week of inflows, pushing assets under management to a record $188 billion.
- Bitcoin ETFs have drawn $14.5 billion in net inflows this year, with trading volume topping $1 trillion since launch.
- Ethereum inflows are accelerating faster than Bitcoin’s, signaling rising investor interest in ETH.
Buoyed by rising prices, assets under management surged to a record $188 billion, while trading volumes held steady at $16.3 billion, matching the year’s average, according to a Monday report from CoinShares.
The United States dominated regional activity with $1 billion in new inflows, dwarfing Germany’s $38.5 million and Switzerland’s $33.7 million.
Funds Canada and Brazil See OutflowsCanada and Brazil bucked the trend, recording outflows of $29.3 million and $9.7 million, respectively, reflecting weaker investor sentiment.
Bitcoin products pulled in $790 million, a slower pace compared to recent weeks’ $1.5 billion average, suggesting investors may be treading carefully as BTC nears its all-time highs.
As reported, spot Bitcoin ETFs recorded over $1 billion in net inflows across Wednesday and Thursday after a brief setback on Tuesday that saw $342.2 million in outflows.
Year-to-date, U.S. spot Bitcoin ETFs have now attracted $14.5 billion in net inflows and control nearly $128 billion in assets under management, led by IBIT’s $73.6 billion.
Thursday also saw the highest daily trading volume for Bitcoin ETFs since May, hitting $5.3 billion, with IBIT contributing $4.1 billion.
Bitcoin ETF inflows near 50K BTC in 30 days, signaling upside!
Per Ecoinometrics, the flow-to-price model targets $117K. pic.twitter.com/RIS62W2aHB
Since their debut in January 2024, the ETFs have recorded more than $1 trillion in cumulative trading volume, highlighting their role in drawing institutional and retail investors into Bitcoin exposure through regulated vehicles.
Ethereum continued its impressive run, notching an 11th straight week of inflows with $226 million added.
Over this period, Ethereum’s average weekly inflows have represented 1.6% of its assets under management, double the pace of Bitcoin’s 0.8%, signaling a growing tilt toward ETH among digital asset investors.
Analysts See 95% Odds of Solana, XRP, Litecoin ETF ApprovalsLast week, Balchunas and Seyffart assigned a 95% chance that the SEC will approve spot ETFs for Solana, XRP, and Litecoin this year, raising their previous odds from 90% amid growing optimism for institutional crypto products.
They also expect a crypto index ETF tracking multiple assets could gain approval as early as this week, signaling broader access to altcoins for traditional investors.
While the final deadlines for individual altcoin ETFs arrive in October, the analysts predict 90% approval odds for other tokens like Dogecoin and Cardano by year-end, but note Sui and Tron ETFs face more regulatory uncertainty with only 60% and 50% odds, respectively.
In April, Balchunas revealed that more than 70 cryptocurrency ETFs are currently awaiting review by the SEC.
The lineup features a broad range of digital assets beyond Bitcoin, including XRP, Litecoin, Solana, Dogecoin, and various crypto derivatives.
The post Crypto Funds See 12th Week of Inflows, AuM Hits Record $188B appeared first on Cryptonews.
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